Daily GK Update : 23 May 2015

1. Jayalalithaa takes oath as Tamil Nadu CM for fifth time
Twenty-eight ministers, including O Panneerselvam who had served as chief minister in her absence, were also sworn in.

2. Selection of CIC and CVC deferred to first week of June  
The post of the Chief Information Commissioner has been lying vacant for over nine months after Rajiv Mathur’s term ended in August last year.

3. Nirmala Sitharaman to lead business delegation to Algeria
FICCI with the support of ministry of commerce and industry, and Indian embassy in Algeria are organising the India Pavilion at the 48th Algiers International Trade Fair.

4. RBI relaxes norms for sale of bad loans
In its notification, the central bank said if losses are made on any bad loan sale to an ARC up to 31 March 2016, lenders will be eligible to spread these losses on their books over the next two years, subject to necessary disclosures.

5. Pakistan beat Zimbabwe in T20
Pakistan celebrated international cricket’s return after six years with a five-wicket win against Zimbabwe in the first Twenty20 international at Gaddafi Stadium on Friday.